Africa
GAC clinches BG LNG contract
GAC said it has been appointed sole provider of hub agency services for the worldwide LNG fleet of BG Group. The agreement also covers crude oil and LPG shipments to accommodate BG’s expanding cargo range. The new five-year contract took effect on January 1 with GAC providing hub and ship agency ser
Keel Laid for Transnet’s New TSHD
Royal IHC (IHC) has laid keel for South Africa’s Transnet National Ports Authority (TNPA) third 5,500m3 trailing suction hopper dredger. The keel-laying was held earlier this month at IHC’s Rotterdam yard with the TNPA’s general manager of corporate affairs, Lunga Ngcobo placing the coin under the h
Training Coastguards in Piracy Hotspots Key
Training and mentoring of coastguards in Africa, Middle East, and South East Asia is essential if coastal nations are to have effective control over their Territorial Waters and Economic Zones, according to maritime security company Maritime Asset Security & Training Ltd (MAST). Furthermore, if West
Afren in restructuring talks. Shares nosedive
Afren plc, a struggling oil company focused on Africa and Middle East, has today said that in light of the “significant dislocation” in the industry and related financing markets resulting from the rapid decline in oil prices, it has been reviewing the funding and liquidity requirements of the busin
Economou swapping drillship for tankers. Or not?
In the past couple of days, several internet sources have suggested that George Economou, Greek shipowner and CEO of Dryships and Ocean Rig UDW, is in talks with Samsung to swap a drillship order for a batch of tankers. Amid falling oil prices and oversupply in the offshore drilling rigs market, off
‘Dredging and Port Expansion’ Starts Tomorrow
Now in its 4th year, the Dredging and Port Expansion Africa event, taking place from 27–29 January 2015, will be held in Durban, South Africa. “Africa’s leading event will focus on partnerships for new projects, port accessibility and congestion management will provide you with strategies on how to
Lake St Lucia Restoration Plan Introduced
Work to remove a portion of the artificially created ‘island’ of sand in the Lake St Lucia mouth area will begin in 2015. This follows the completion of iSimangaliso Wetland Park Authority’s Global Environment Facility (GEF) study aimed at finding long term solutions to improve the hydrological and
IMO Action on Black Carbon Long Overdue
The International Maritime Organisation’s recommendation to its environment committee to agree on a definition of black carbon based on scientific consensus, after four years of debate, has been welcomed by environmental NGO Transport & Environment. Lack of agreement at sub-committee level had been
Egypt Selects Winners of Its USD 2.2 Bln LNG Tender
Egypt has selected the winners of its USD 2.2 billion tender for delivery of 75 cargoes of liquefied natural gas (LNG), Reuters reported. According to Egyptian Natural Gas Holding Company (EGAS), four international companies out of seven bidders have been selected for the job. The names of the compa
Fire Breaks Out on Board Fred.Olsen’s Boudicca
A fire broke out in the engine room on board Fred.Olsen’s cruise ship Boudicca at around 4am on Sunday 25th January 2015, while the cruise ship was sailing off the coast of Casablanca, Morocco, Fred. Olsen Cruise Lines confirmed. The ship is now proceeding towards the Canary Islands, at a slower spe
Four companies win Egypt’s USD 2.2 bln LNG supply tender
In its search to diversify its energy sources, Egypt awarded a US$ 2.2 billion tender to four international companies, informed the country’s gas board.
Four companies win Egypt’s USD 2.2 bln LNG supply tender
In its search to diversify its energy sources, Egypt awarded a US$ 2.2 billion tender to four international companies, informed the country’s gas board.